Forex: EUR/JPY Technical Analysis – Support Seen Above 131.00
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- Prices are bouncing from 131.12 (23.6% Fib) to retest broken trend line support (131.68)
- A close above the trend line initially exposes 132.58 (23.6% Fibonacci retracement)
- Breaking below 131.12 targets 129.94 (50% Fib)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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